Wal-Mart Stores (NYSE:WMT) received a $117.00 price objective from equities researchers at Stephens in a report released on Tuesday, January 16th. The firm currently has a “buy” rating on the retailer’s stock. Stephens’ price target indicates a potential upside of 17.74% from the company’s current price.
Other analysts have also recently issued research reports about the company. Telsey Advisory Group dropped their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Royal Bank of Canada lifted their price objective on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research report on Friday, November 17th. Moffett Nathanson began coverage on Wal-Mart Stores in a research report on Monday, December 4th. They set a “neutral” rating for the company. Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Finally, Jefferies Group lifted their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Seventeen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores currently has a consensus rating of “Buy” and a consensus target price of $100.30.
Wal-Mart Stores (NYSE:WMT) traded down $0.65 during trading on Tuesday, reaching $99.37. The company had a trading volume of 14,131,046 shares, compared to its average volume of 9,020,000. The stock has a market cap of $294,370.00, a PE ratio of 26.43, a PEG ratio of 3.55 and a beta of 0.42. Wal-Mart Stores has a 1 year low of $67.56 and a 1 year high of $109.98. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 1,002,210 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $649,415,853.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 826,617 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Financial Inc. acquired a new position in Wal-Mart Stores during the 4th quarter worth $504,000. Alexandria Capital LLC boosted its position in Wal-Mart Stores by 62.5% during the 4th quarter. Alexandria Capital LLC now owns 3,824 shares of the retailer’s stock worth $377,000 after acquiring an additional 1,471 shares during the period. Comgest Global Investors S.A.S. boosted its position in Wal-Mart Stores by 20.4% during the 4th quarter. Comgest Global Investors S.A.S. now owns 946,300 shares of the retailer’s stock worth $93,447,000 after acquiring an additional 160,400 shares during the period. Alpha Cubed Investments LLC lifted its holdings in shares of Wal-Mart Stores by 20.2% in the fourth quarter. Alpha Cubed Investments LLC now owns 4,750 shares of the retailer’s stock valued at $469,000 after buying an additional 797 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Wal-Mart Stores in the fourth quarter valued at $406,000. Hedge funds and other institutional investors own 30.62% of the company’s stock.
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About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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